HOME Press Releases Underwater Acoustic Communication Market worth 2.86 Billion USD by 2023



Underwater Acoustic Communication Market worth 2.86 Billion USD by 2023


According to the new market research report "Underwater Acoustic Communication Market by Interface Platform, Communication Range, Application (Environmental Monitoring, Pollution Monitoring, Climate Recording, Hydrography, Oceanography), End User, and Geography - Global Forecast to 2023", the underwater acoustic communication market, the market is expected to grow from USD 1.31 Billion in 2017 to USD 2.86 Billion by 2023, at a CAGR of 13.8% during the forecast period. The major factor driving the growth of this market is the increase in the adoption of underwater acoustic modems in the oil & gas and naval defense sector. Moreover, there is an increasing demand for reliable, high-capacity underwater acoustic networks because a large volume of research had been conducted over the last decade to overcome difficulties in the propagation of information bearing signals through shallow water regions. 

Browse 61 market data Tables and 37 Figures spread through 138 Pages and in-depth TOC on "Underwater Acoustic Communication Market - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/underwater-acoustic-communication-market-259232207.html
Early buyers will receive 10% customization on reports.

Underwater acoustic communication market for the environmental monitoring application to hold the largest market share in 2017

Environmental monitoring is useful in supervising potential effects of terrestrial and nearshore environment on onshore construction activities. Various unmanned underwater vehicles (UUVs) equipped with underwater acoustic modems are used to explore natural undersea resources and gather scientific data in collaborative monitoring missions. The oil & gas industry is expected to largely drive the growth of the underwater acoustic communication market for the environmental monitoring application.

Underwater acoustic communication market for oil & gas industry to grow at a significant rate between 2017 and 2023

The oil & gas sector plays a vital role in any country’s economy. Companies have to take the responsibility to reduce pollution created by them and its impact on environment. Accidental oil release, pipeline breakage, and toxic release in water pose a serious threat to the environment. Hence, the oil & gas industry is widely using acoustic modems to continuously monitor the undersea environment.

North America held a major share of the underwater acoustic communication market in 2017

Owing to the growing security concerns in the US and Canada, these countries are using unmanned underwater vehicles (UUVs) for various defense operations such as anti-submarine warfare, security, and surveillance. Moreover, these UUVs are used for collecting the data on seabeds and inspection of pipelines and other subsea equipment. Thus, the increasing applicability of UUVs in the defense and commercial sectors is anticipated to drive the growth of the underwater acoustic communication market in North America.

This report provides valuable insights into the ecosystem of underwater acoustic communication. Teledyne Technologies (US), Kongsberg Gruppen (Norway), Thales Group (France), Ultra Electronics (UK), Sonardyne International (UK), Evologics (Germany), DSPComm (Australia), Mistral (US), Nortek (Norway), Aquatec Group (UK), Baltrobotics (Poland), Tritech International (UK), Gavial Holdings (US), Hydroacoustic (US), LinkQuest (US), AquaSent (US), Proserv (UK), Subnero (Singapore), RTSys (Caudan), G5 Scientific (US), JPAnalytics (US), Seagnal (France) are the major players in the underwater acoustic communication market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports